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Credit Suisse agrees $23m payout in Mozambique tuna bond scandal

Bank agreed to $475m settlement with UK and US authorities last year for its part in arranging $2bn of 'hidden loans' for Mozambique's tuna industry that found their way into the pockets of officials

By Undercurrent News | July 27, 2022 09:54 BST
Maputo, Mozambique. Credit: Gustavo Sugahara
Maputo, Mozambique. Credit: Gustavo Sugahara, Flickr
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Port in Maputo, capital of east Africa's Mozambique. Credit: Simon_g/Shutterstock
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The investment bank Credit Suisse has agreed it owes investors $22.6 million in restitution for its part in a corruption scandal involving 'tuna bonds' in Mozambique, reports Reuters.  [...]

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